File your taxes with Universal Tax Professionals: https://bit.ly/universaltaxprofessionals
Includes a free consultation and download of the "2025 US Expat Tax Guide"
Join us as we chat with CPA Josh Katz from Universal Tax Professionals as he answers all of the important expat tax questions such as: when should you file your US taxes overseas, how can you avoid double taxation, what is the FBAR, how do foreign tax credits work, and so much more.
Get excited to learn everything you need to know about filing your US taxes while living abroad.
Want to move to Spain?
💡 Visa Updates in 2025: https://youtu.be/kX-iFT732xk
🇪🇸 Which Visa do you need in 2025: https://youtu.be/F7pb8NG5juk?si=ER3GDHLRyPPOXOE5
🖐️ How to Move to Spain: Non-Lucrative Visa (NLV) FAQ w/ a Visa Expert: https://youtu.be/YjgtYJjWcHE
🇪🇸 How to get your Spanish Visa (NLV): Costs, Paperwork, and Timeline: https://youtu.be/3IloCk91eZc
🪪 How to Get Your TIE for the Non-Lucrative Spanish Visa (NLV):
https://youtu.be/fODyqC19-to
✈️ How to get your Autorización de Regreso: https://youtu.be/iPkEpJTq48Q
🩺 Answering your Healthcare and Health Insurance questions: https://youtu.be/daghk7ArAa0
🛜 How to renew your NLV online: https://youtu.be/X7UxlpjSjDc
--------------------------------------------------------
HOW TO SUPPORT US:
SUBSCRIBE & click the 🔔 for notifications on our latest videos
📷 Follow us on Instagram: https://www.instagram.com/dayswespend/
Buy us a coffee: http://buymeacoffee.com/dayswespend
https://www.dayswespend.com
✏️Shawn’s Writing
https://shawnforno.medium.com/
🎶Lainey's Dancing
https://www.lindylainey.com
------------------------------------------------------------------------
⚙️ Equipment We Use
Tripod: https://amzn.to/3uEiQVm
Hollyland Lark M2 Wireless Lavalier Microphone: https://amzn.to/3A4qR8F
Hosted by Shawn Forno and Lainey Silver
Please travel responsibly.
The links above are affiliate links. Our recommendations don't cost you any extra and it helps us out.
🎵Music 🎵
TrackTribe: “Watch It” https://www.youtube.com/audiolibrary
00:00 Intro
01:05 What is Universal Tax Professionals?
01:45 Do Americans living abroad need to file US taxes every year?
03:45 Foreign tax residency & US taxes
07:42 How to apply the foreign income exclusion or tax credit
08:15 Which taxes do you file first?
10:07 Late payment penalties
11:57 US taxes on foreign investments
13:36 FBAR & foreign bank account filings
16:50 Additional tax paperwork
19:42 Experience with Americans in Spain
20:36 Financial planning for your move abroad
22:23 Beckham Law
23:42 Wealth tax & capital gains
24:13 Getting started with your taxes
24:55 Can I self-file my taxes?
26:43 2021 stimulus
27:29 Final thoughts with Josh
28:02 Outro